Free Site Registration


Senate Democrats Introduce Legislation to Eliminate Corporate Tax ‘Loopholes’

Print
Email
Reprints

"Illicit financial flows are a major facilitator of poverty, crime, and corruption in both developed and developing countries," said Raymond Baker, director of Global Financial Integrity, a Washington D.C.-based research and advocacy organization. "Tax haven secrecy drains nearly $1 trillion from developing countries each year. This is money that could have been spent on health care, education, and infrastructure in the world's poorest countries while simultaneously shoring up budget deficits in Europe and the United States. The CUT Loopholes Act would be a tremendous step forward in curtailing these damaging illicit financial flows,”

Get access to this article and thousands more...

All Accounting Today articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, blog discussions, and conference discounts. Registered members may also choose to receive our exclusive Tax Pro Today e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.

Already Registered?

 

Twitter
Facebook
LinkedIn
Follow Accounting Today